Gait Rehabilitation System Market Trends
Growth Drivers
- Growing Prevalence of Orthopedic Disorders – Increasing orthopedic injuries, such as fractures, ligament tears, or muscle strains, can disrupt normal gait patterns and require rehabilitation to restore optimal gait mechanics and prevent compensatory movements, which as a result is estimated to drive market growth. According to data around 1 billion individuals worldwide suffered from musculoskeletal problems in 2021.
- Rising Traumatic Brain Injuries (TBI) – TBI can lead to deficiencies in motor function, including weakened muscles, stiffness, or poor coordination as a result systems for gait rehabilitation can be used to focus resistance or help during gait training to encourage muscle activation and improve overall gait performance, which is estimated to drive market growth. Each year, there are more than 2 million traumatic brain injuries in the US.
- Increasing Health Spending – It is expected that improved access to healthcare services, particularly rehabilitation therapies, may result from more health spending. This may lead to an increase in the number of people obtaining medical attention for ailments that can call for gait therapy. According to the most recent expenditure data, in 2021, the United States spent approximately 2% more on health care, amounting to over USD 4 trillion per person.
- Growing Incidences of Cardiovascular Diseases – It is expected that increasing conditions such as coronary artery disease, heart failure, and peripheral artery disease, are anticipated to drive the market growth. Further, gait rehabilitation can aid in the management and treatment of cardiovascular disease. According to the World Health Organization (WHO), 17.9 million deaths worldwide in 2019 were attributable to cardiovascular diseases.
Challenges
- Access to Alternative Therapies at an Affordable Price- The availability of alternative treatment options is one of the major factors predicted to slow down the market growth. For instance, alternative therapies may be seen as more cost-effective and are being chosen by patients or healthcare professionals as they are thought to be more cost-effective or accessible than gait rehabilitation systems.
- Absence of Trained Professionals
- Lack of Awareness among Patients
Gait Rehabilitation System Market: Key Insights
According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
9.6% |
|
Base Year Market Size (2024) |
USD 366.04 million |
|
Forecast Year Market Size (2037) |
USD 1.21 billion |
|
Regional Scope |
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